Cryptocurrencies

Litecoin goes live on Flexa’s network of 39,000 merchants

New York-based payment start-up Flexa has added Litecoin as its fifth crypto payment option, meaning the popular digital asset is now accepted by all merchants on its payment network.

Today, Flexa offers direct point-of-sale payments at more than 39,250 stores across the United States. Flexa said that this latest announcement is “delivering on cryptocurrency’s promise of secure, fast, and fraud-resistant payments that improve the status quo for merchants and consumers alike”.

The firm said in a Medium post: “As one of the first (and highest volume) cryptocurrencies, Litecoin distinguishes itself with low transaction fees, fast confirmation times, and an active community of avid supporters and payments enthusiasts.”

Litecoin payments are going mainstream

The creator of Litecoin – Charlie Lee – who announced the integration at the Asia Blockchain Summit in Taipei on Wednesday, said: “I’m excited to see Flexa help push mainstream adoption of Litecoin payments. Being able to pay with LTC at all these new major merchants is great for the entire Litecoin community.”

The Flexa team concluded: “Adding Litecoin brings Flexa one step forward in its mission to make any cryptocurrency spendable at any store, in any country around the world.

“That’s why we’re so proud to partner with the Litecoin Foundation to bring cryptocurrency payments into the mainstream, starting with inviting thousands more people to use Flexa’s SPEDN app.”

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Nawaz Sulemanji

Nawaz has been hooked on crypto since buying his first Bitcoin’s in 2013. After studying maths in London, Nawaz initially spent the first eight years of his career working globally across corporate supply chain’s before transitioning into the decentralised finance industry as a margin-trader and consultant. He’s a fan of open-blockchains because “it enables self-sovereignty”.